Still curious? Below are answers to common questions. If you would like us to elaborate further on any questions please do not hesitate to contact us.

Practical Questions:

  • Who can participate in Odense Robotics StartUp Hub?
    • New businesses that work within the robot/automation industry, including both hardware and software startups qualify for admittance. Our prerequisite is that a product be a central part of the business model.
    • New businesses can be startups from a knowledge environment or a spinout from an existing company.
    • Applicants are welcome from around the globe. Whether one is located in Odense, throughout Denmark or internationally, Odense Robotics StartUp Hub accommodates an international environment.
  • Where will startups be located?
    • Hardware startups will be located in the Danish Technological Institutes’ Robot Innovation Hall. This a state of the art facility that provides access to prototype development tools, workspace and a multitude of other amenities.
    • Software oriented businesses can be located in a number of other incubator facilities, such as Stjerneskibet or Cortex Park.
    • Software and hardware startups are valued equally within the Hub.
  • How long can startups participate in the Hub?
    • Each startup is assessed on an individual basis as to the length of time they will benefit from staying in the Hub. As a starting point the participations lasts for a year with possibilty to extend.
  • How do you become a part of the Hub?
    • A board of representatives from existing companies, potential investors and other actors in the robot sector will select startup companies to participate in the Hub.
    • The board will meet to select potential startups three times a year.
    • Startups are chosen based on objective criteria including:
      • The degree of innovation in the product.
      • Scalability.
      • The teams’ composition.
      • Fit in ecosystem. This factors a startups potential for partnership within Odense’s existing robotic ecosystem.
    • Interested startups can get more information about the process by contacting Mikkel Christoffersen.
  • Should potential startups give IPR or ownership interest?
    • No.
    • As a prerequisite for participation, companies must work on business development and meet predetermined milestones during the program to qualify them for a dialogue with investors.
  • How many startups will participate in the Hub?
    • We will identify two startups in 2015.
    • Five startups will be participating in 2016.
  • Who are the players involved in Odense Robotics StartUp Hub?
    • The StartUp Hub is a result of a partnership between Developing Fyn, Danish Technological Institute and Odense Municipality through their initiative – Invest in Odense.
    • Developing Fyn and Danish Technological Institute contribute to the partnership with personal resources.
    • Invest in Odense contributes with personal resources and financial support to the Hub.
  • What is the next deadline for applying?
    • The next meeting in the board is April 5th

Objectives and background

  • Why does Odense support new robot business?
    • When a new business works with physical products (hardware), there is typically a long period from innovation to turnover. To be able to attract the necessary investors, hardware businesses typically require a finished prototype that has been through pilot testing with customers. This requires both time and money. That means that today there are ideas that do not have the necessary support or ability to become commercialized sustainable businesses. Thus, through the StartUp Hub we will increase the number of new robot companies and consequently the number of high-tech jobs in the region.
  • How will the phases be conducted?
    • Find – Developing Fyn is primarily responsible for the find phase. Here an experienced board of robotic experts will select the best businesses for the Hub.
    • Facilitate – Technological Institute is primarily responsible for the facilitation phase. Startups in the Hub developing prototypes will work within the Robot Innovation Hall and have access to Danish Technological Institutes’ expertise. On the sideline, Developing Fyn will support in commercial business development and establishing partnerships.
    • Fund – Invest in Odense has the primary responsibility in for the fund phase. Here, Invest in Odense focuses on initiating a dialog between businesses and investors as early as possible.
  • What are the objectives of Odense Robotics StartUp Hub?
    • The Hub aims to secure even more innovative startup businesses to develop themselves to be sustainably commercialized businesses. The objective is to ensure profit and employment opportunities within the robotic industry in and around Odense.
    • The Hub is also an important part of Odense’s positioning as a thriving city for robotics.
  • Why is Odense unique?
    • In Odense, we have a strong cluster of robotic companies, university programs and other robot actors that have made a mark on a global scale. Odense is particularly strong in collaborative robots, food automation and there are other areas on the way.
    • Odense has a strong ecosystem of companies and knowledge/research institutes that are very open to working with new businesses.
    • The StartUp Hub gains strength in the willingness of existing robot/automation businesses to collaborate and work with new startups.
    • Historically, a triple helix concept (close coop between university, industry and government) has resulted in establishing strong new robot companies.